If Test Assumptions Are Violated, Which Non-Parametric Test Should Be

question 3

Multiple Choice

If test assumptions are violated, which non-parametric test should be performed?

• A) None of the tests are appropriate
• B) Friedman's test
• C) McNemur's test
• D) Mann-Whitney test

---

Definitions:

Bankruptcy Proceedings

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

M&M Proposition

The Modigliani-Miller Proposition, a principle in finance stating that, under certain conditions, the value of a firm is unaffected by how it is financed, regardless of whether through debt or equity.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which reflects how a firm finances its overall operations and growth.

Debt Financing

Raising capital through borrowing money to be repaid at a later date, typically with interest.